Number of Bitcoins on Crypto Exchanges Hits 18-Month Low
The total amount of bitcoins held in cryptocurrency exchanges wallets dropped to an 18-month low just above 2.3 million on Monday, according to data estimates from Glassnode.
The new generation of HODLers were forged during market rallies over the past year, and show no signs of slowing down.
As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up.
Long-term BTC hodlers are less tempted to sell relative to prior bull markets, according to data from Glassnode.
Is bitcoin having a good year or not? As an industry, we need to work on honing our understanding of the many narratives, and how they can influence value.
Wyoming U.S. Senate candidate Cynthia Lummis says bitcoin's store-of-value appeal has never been stronger. So she continues to HODL.